04
Dec
06:32
Sister companies squeeze Hyundai Steel profits
South Korea’s Hyundai Steel has yet to conclude autosheet price negotiations with its two sister companies, Hyundai Motor and Kia Motor, according to local media reports. The steelmaker has struggled to defend its margins amid a downturn in Korean and global automotive markets, Kallanish notes.
The negotiations were meant to have been settled in November. The two automakers are also struggling amid weaker demand in the Chinese and US au…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous